Market Newsdesk

MINEOLA, N.Y., Sept. 23, 2022 (GLOBE NEWSWIRE) — Hanover Bancorp, Inc. (Nasdaq: HNVR) (the “Company”), parent company of Hanover Community Bank, is thrilled to announce that they have been included in the prestigious Piper Sandler Sm-All Stars: Class of 2022.

The Piper Sandler Sm-All Stars Class of 2022 distinction is given to the top 35 performing small-cap banks and thrifts throughout the country. To earn the Sm-All Star status, companies need to have a market cap below $2.5 billion and clear numerous hurdles related to growth, profitability, credit quality, and capital strength.

Michael P. Puorro, Chairman and Chief Executive Officer, stated, “It is an incredible honor not only to receive this distinction but to be included in a class with so many other outstanding institutions. I applaud our amazing team whose tireless efforts allow us to be recognized with accolades such as this; they are our greatest resource.”

About Hanover Bancorp, Inc.

Hanover Bancorp, Inc. (NASDAQ: HNVR), is the bank holding company for Hanover Community Bank, a community commercial bank focusing on highly personalized and efficient services and products responsive to client needs. Management and the Board of Directors are comprised of a select group of successful local businessmen and women who are committed to the success of the Bank by knowing and understanding the metro-New York area’s financial needs and opportunities. Backed by state-of-the-art technology, Hanover offers a full range of financial services. Hanover employs a complete suite of consumer and commercial banking products and services, including multi-family and commercial mortgages, residential loans, business loans and lines of credit. Hanover also offers its customers access to 24-hour ATM service with no fees attached, free checking with interest, telephone banking, advanced technologies in mobile and internet banking for our consumer and business customers, safe deposit boxes and much more. The Company’s corporate administrative office is located in Mineola, New York where it also operates a full-service branch office along with additional branch locations in Garden City Park, Forest Hills, Flushing, Sunset Park, Rockefeller Center and Chinatown, New York, and Freehold, New Jersey.

Hanover Community Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender.

Cautionary Note Regarding Forward-Looking Statements

This release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and may be identified by the use of such words as “may,” “believe,” “expect,” “anticipate,” “should,” “plan,” “estimate,” “predict,” “continue,” and “potential” or the negative of these terms or other comparable terminology. Examples of forward-looking statements include, but are not limited to, estimates with respect to the financial condition, results of operations and business of Hanover Bancorp, Inc. Any or all of the forward-looking statements in this release and in any other public statements made by Hanover Bancorp, Inc. may turn out to be incorrect. They can be affected by inaccurate assumptions that Hanover Bancorp, Inc. might make or by known or unknown risks and uncertainties including the risks detailed in the “Cautionary Note Regarding Forward-Looking Statements,” “Risk Factors” and other sections of the Registration Statement filed with the SEC. Further, the adverse effect of the COVID-19 pandemic on the Company, its customers, and the communities where it operates may adversely affect the Company’s business, results of operations and financial condition for an indefinite period of time. Consequently, no forward-looking statement can be guaranteed. Hanover Bancorp, Inc. does not intend to update any of the forward-looking statements after the date of this release or to conform these statements to actual events.

Investor and Press Contacts:
Brian K. Finneran
President

Lance P. Burke
Chief Financial Officer
(516) 548-8500

Avid users recognized at the 74th Annual Primetime Emmy Awards for their work on award-winning programming, including Succession and Ted Lasso

BURLINGTON, Mass., Sept. 23, 2022 (GLOBE NEWSWIRE) — Avid^® (Nasdaq: AVID) congratulates its award-winning and nominated customers for their outstanding achievements at the 74^th Annual Primetime Creative Arts Emmy^® Awards, including Outstanding Drama and Comedy series winners Succession and Ted Lasso, respectively. Highlighting the trend of remote collaboration for his editing work using Avid Media Composer^® from New Zealand with Producer Peter Jackson, Jabez Olssen took home the award for Outstanding Picture Editing for A Nonfiction Program for The Beatles: Get Back. Presented by the National Academy of Television Arts & Sciences (NATAS), the awards honor the best in primetime television and the backstage crafts that make them possible.

This year’s nominees deserve an extra round of applause for their hard work in the most competitive Emmy Awards ever with submissions of scripted television series reaching record numbers this year. Virtually all the nominees as well as the winners of this year’s Outstanding Drama and Comedy Series awards relied on Media Composer editing software to deliver productions like Barry, Succession, Stranger Things, Better Call Saul, Euphoria, Squid Game, Only Murders in the Building, Hacks, Ted Lasso, and Ozark, among many others. 

HBO’s returning hit show, Barry, took home the Emmy for Outstanding Single Camera Picture Editing for a Comedy Series, while also notching two other awards among its 14 Emmy nominations. Cutting on Avid Media Composer, Ali Greer, received her Emmy for “Starting Now”, the show’s riveting season three finale.

“Getting to edit on Barry is a dream come true and I couldn’t be more honored to be recognized by my fellow editors and the TV academy,” said Greer. “I’m grateful to collaborate with an incredible team—none of this is possible without them—thankfully we can seamlessly work together because of Avid’s project sharing capabilities. Finding the right balance of humor and drama is a challenging part of editing Barry but, with Avid’s ScriptSync^®, shaping performances becomes much easier.” 

“Our user creative community counted on Media Composer to help them deliver yet another year of totally captivating entertainment, from feels-good to nail-biting moments and series,” said Jeff Rosica, CEO and President, Avid. “Across Avid’s team, we’re thrilled to see our customers winning big and taking Emmy recognition for pushing the boundaries of storytelling in television and film.”

Avid Powers Greater Creators

People who create media for a living become greater creators with Avid’s award-winning technology solutions to make, manage and monetize today’s most celebrated video and audio content—from iconic movies and binge-worthy TV series, to network news and sports, to recorded music and the live stage. What began more than 30 years ago with our invention of nonlinear digital video editing has led to individual artists, creative teams and organizations everywhere subscribing to our powerful tools and collaborating securely in the cloud. We continue to re-imagine the many ways editors, musicians, producers, journalists, and other content creators will bring their stories to life. Discover the possibilities at avid.com and join the conversation on social media with the multitude of brilliant creative people who choose Avid for a lifetime of success. 

© 2022 Avid Technology, Inc., Avid, its logo, Media Composer and ScriptSync are property of Avid. All rights reserved. Other trademarks are property of their respective owners. Emmy and the Emmy statuette are registered trademarks of ATAS/NATAS. All other trademarks are the property of their respective owners. Product features, specifications, system requirements and availability are subject to change without notice.

PR Contacts

Avid
Dave Smith – Americas
[email protected]
978.502.9607

Avid
Neil Beston – EMEA/ANZ
[email protected]
+44 (0) 7770 644 136

Red Lorry Yellow Lorry (Avid’s PR agency)  
[email protected]

NEW YORK, Sept. 23, 2022 (GLOBE NEWSWIRE) — Moore Kuehn, PLLC, a securities law firm located on Wall Street, is investigating whether certain officers and directors of Talkspace, Inc. (NASDAQ: TALK) breached their fiduciary duties to shareholders.

According to a federal securities lawsuit, Talkspace insiders caused the company to make false and/or misleading statements and/or failed to disclose, among other things, that (i) Talkspace was experiencing significantly increased online advertising costs in its B2C business since the start of 2021; (ii) Talkspace was experiencing lower conversion rates in its online advertising in its B2C business; (iii) Talkspace was experiencing increased customer acquisition costs and more tepid B2C demand than represented to investors; (iv) Talkspace was suffering from ballooning customer acquisition costs and worsening growth and gross margin trends; (v) Talkspace had overvalued its accounts receivables from certain of its health plan clients in its B2B business, which amounts required adjustment downward; and (vi) as a result, Talkspace’s 2021 financial guidance was not achievable and lacked any reasonable basis in fact.

If you currently own TALK please contact Justin Kuehn, Esq. by email at [email protected] or telephone at (212) 709-8245.  There is no cost to you.  Moore Kuehn is a New York-based law firm with attorneys representing investors and consumers. Please visit http://www.moorekuehn.com/practice/new-york-shareholder-derivative-litigation/

Attorney advertising. Prior results do not guarantee similar outcomes.

Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8^th Floor
New York, New York 10005
[email protected] 
(212) 709-8245

ARCHBOLD, Ohio, Sept. 23, 2022 (GLOBE NEWSWIRE) — Farmers & Merchants State Bank (“F&M” or “the Company”) (NASDAQ: FMAO) announced the appointment of Eric Faust as the Senior Vice President and Chief Risk Officer (CRO). F&M also announced Benét Rupp, Chief Administrative Officer, has been promoted to Executive Vice President.

Lars Eller, President and CEO, stated, “We remain focused on building, developing, and retaining a team of highly motivated, skilled, and committed people and we are pleased to welcome Eric to our executive team. Eric’s proven track record and experience managing finance, IT, compliance, and enterprise risk management functions will add immediate value to F&M.”

As CRO, Mr. Faust will serve on the executive team and be responsible for the Company’s enterprise and regulatory risk management functions. Mr. Faust has held multiple roles within the banking industry and most recently held the position of First Vice President, Director of Risk Management at Northstar Financial Group in Wyoming, Michigan. He was previously an Examination Manager for the State of Michigan, Department of Insurance and Financial Services. Mr. Faust has an MBA from Davenport University and a BS in Business Administration from Central Michigan University.

Chief Administrative Officer Benét Rupp Promoted to Executive Vice President

F&M’s Chief Administrative Officer Benét Rupp has been promoted to Executive Vice President. Since joining the Company in 2019, Ms. Rupp has been an instrumental member of the Company’s executive team leading a strategy aligned with F&M’s vision, mission, and values. In June 2022, Ms. Rupp was promoted to Chief Administrative Officer, managing F&M’s operations, HR, strategic planning, and product development functions. Ms. Rupp joined F&M in 2019 as Chief People Officer and has over 32 years of HR, consulting, and progressive leadership experience. She has an MBA from The University of Toledo and a BS in I/O Psychology from Bowling Green State University.

Mr. Eller continued, “I am happy to announce the promotion of Benét Rupp to Executive Vice President/Chief Administrative Officer. Benét’s experience with and dedication to F&M has been exemplary. This marks Benét’s second promotion in less than a year and I am extremely proud of her increasing leadership within F&M.”

About Farmers & Merchants Bancorp, Inc

The Farmers & Merchants State Bank is a local independent community bank that has been serving Northwest Ohio and Northeast Indiana since 1897. The Farmers & Merchants State Bank provides commercial banking, retail banking and other financial services. Our locations are in Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Williams, and Wood counties in Western Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Oxford, Ohio.

Safe harbor statement

Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/615ae8ce-bd10-449d-b15d-97bef77493ef

https://www.globenewswire.com/NewsRoom/AttachmentNg/57f3817f-ae2e-4f6e-939b-c0a3f67dc86f

BALA CYNWYD, Pa., Sept. 23, 2022 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.

Talos Energy Inc. (NYSE – TALO)

Under the terms of the agreement, consideration for the transaction consists of 43.8 million Talos shares and $212.5 million in cash, plus the assumption of EnVen’s net debt upon closing, currently estimated at approximately $50.0 million at year-end 2022. Following the transaction, Talos shareholders will own approximately 66% of the pro forma company and EnVen’s equity holders will own the remaining 34%. The investigation concerns whether the Talos Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to the Company’s shareholders in the combined company.

Additional information can be found at https://www.brodskysmith.com/cases/talos-energy-inc-nyse-talo/.

Southern Missouri Bancorp (Nasdaq – SMBC)

Under the terms of the agreement, Southern Missouri will merge with Citizens Bancshares Co. (“Citizens”). Citizens’ shareholders will have the right to elect either a fixed exchange ratio of 1.1448 shares of Southern Missouri common stock, or a cash payment of $53.50 for each Citizens’ share owned. The investigation concerns whether the Southern Missouri Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to the Company’s shareholders in the combined company.

Additional information can be found at https://www.brodskysmith.com/cases/southern-missouri-bancorp-nasdaq-smbc/.

CyberOptics Corporation (Nasdaq – CYBE)

Under the terms of the agreement, CyberOptics will be acquired by Nordson Corporation (“Nordson”) (Nasdaq – NDSN). Nordson will acquire CyberOptics for $54.00 per share in cash for each outstanding share of common stock held. The investigation concerns whether the CyberOptics Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Nordson is paying too little for the Company.

Additional information can be found at https://www.brodskysmith.com/cases/cyberoptics-corporation-nasdaq-cybe/.

STORE Capital Corporation (NYSE – STOR)

Under the terms of the merger agreement, STORE Capital will be acquired by GIC and Oak Street. STORE Capital shareholders will receive $32.25 in cash for each share of the Company they own, in a deal valued at approximately $14 billion. The investigation concerns whether the STORE Capital Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether GIC and Oak Street are paying too little for the Company. For example, the deal consideration is below the 52-week high of $36.13 for the Company’s shares.

Additional information can be found at https://www.brodskysmith.com/cases/store-capital-corporation-nyse-stor/.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.